Future of Real Estate , livre ebook

Marshall Cavendish International - Swee Yong Ku

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150 pages

English

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The global pandemic has delayed many real estate plans while accelerating the adoption of many technology challenges. In turn, these technologies will disrupt the real estate industry, causing some to become irrelevant and useless. Combined with the increasing numbers of ageing baby boomers, what is Singapore's future going to look like? What plans should we make for our properties? Market commentator and respected real-estate expert Ku Swee Yong weighs in on some of these questions and shares his insights on the opportunities for investors and what is the future of real estate in Singapore.

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Singapore

Singapour

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Publié par	Marshall Cavendish International
Date de parution	09 février 2021
Nombre de lectures	0
EAN13	9789814974189
Langue	English
Poids de l'ouvrage	2 Mo

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Reviews for The Future of Real Estate
It s rare to find someone who is so connected to the real estate industry but is able and willing to assess it objectively, often going against conventional wisdom, popular media, property consultants and property developers. Swee Yong s latest book, like his other books and writings, is highly accessible to the ordinary reader and investor. His views and prognosis are grounded in facts and an impressive grasp of local and global developments and likely trends. His views may not always be welcome but they are needed.
-Dr Mak Yuen Teen
Associate Professor of Accounting, National University of Singapore and Corporate Governance Advocate
Ku Swee Yong s latest book is a thought-provoking read. The author faces sensitive issues that are relevant to the public head-on and discusses the imminent problems of real estate, including Singapore s aging population, value depreciation of old HDB flats, inevitable job loss under technological disruptions and the massive impact of Covid-19 in different property market segments. He also proposes feasible solutions to these problems, which are strongly supported by relevant facts and figures. Thanks to the author s generous sharing of key data gathered over the years and his own research and analyses of the property landscape, the book debunks myths and provides a glimpse to the future of real estate.
-Vina Ip
Real estate blogger at propertysoul.com
The Future of Real Estate is a provocative, well-researched summary of the challenges and opportunities facing the real estate sector in the next decade and beyond. Swee Yong neatly combines elements of demographics, economics and technology (and more!) into a story that will resonate with Singaporeans of every age and income level. Read it and give a copy to your children so you can prepare for the future together.
-Matthew Dearth
Founder, TRQ Advisors and Adjunct Faculty, Singapore Management University
This is the first book dedicated to discussing the impact of the Covid-19 pandemic on the property market. Swee Yong is data driven, unafraid to speak his mind and passionate about helping others make informed decisions about huge purchases and investments.
-Jeraldine Phneah
Millennial Blogger, www.jeraldinephneah.com
Swee Yong is a notable author on books covering real estate in Singapore. In this book, he provides a comprehensive yet succinct analysis on the trends in public and private housing in Singapore.
Readers will gain much foresight and views on the property market that befuddles most of us. Not only does the book address current issues but also those issues that could surface in the next 10 to 20 years, given the coming of age of the millennials and the zoomers as well as aging Gen Xs and baby boomers. What is most interesting is the inclusion of how new technology will change and shape our homes. It also gives you a glimpse of how Singapore may look like in the future as urban planning is key to the transformation of Singapore into a Smart City.
The book is a recommended read and I applaud Swee Yong for updating all of us who have a keen interest in Singapore property.
-Lee Chiwi
Chief Executive, PreceptsGroup
Readers and followers of Ku Swee Yong will find his hallmark contrarian views; specifically probing questions and discomforting answers. As the virus rages and statistics about deaths, illnesses and displaced families multiply in this unprecedented crisis, he asks if we should become introspective instead.
Swee Yong posits that This tumultuous pandemic year has offered many of us a great opportunity for personal growth, so he suggests that we study demographic shifts, technological disruptions and geopolitical transformations that steamroll ahead despite this microscopic malaise assaulting global economies. Readers of this book will enjoy the nuggets of real estate gold in this engaging collection of thoughts, probes and evocations.
-Winston Lim
Architect and Managing Director, Winstudio Architects
THE FUTURE OF REAL ESTATE

2021 Ku Swee Yong
Published by Marshall Cavendish Business
An imprint of Marshall Cavendish International

All rights reserved
No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. Requests for permission should be addressed to the Publisher, Marshall Cavendish International (Asia) Private Limited, 1 New Industrial Road, Singapore 536196.
Tel: (65) 6213 9300. E-mail: genref@sg.marshallcavendish.com
Website: www.marshallcavendish.com
The publisher makes no representation or warranties with respect to the contents of this book, and specifically disclaims any implied warranties or merchantability or fitness for any particular purpose, and shall in no event be liable for any loss of profit or any other commercial damage, including but not limited to special, incidental, consequential, or other damages.
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National Library Board, Singapore Cataloguing-in-Publication Data
Name(s): Ku, Swee Yong.
Title: The future of real estate : what s next after new tech and Covid-19? /
Ku Swee Yong.
Description: Singapore : Marshall Cavendish Business, 2021
Identifier(s): OCN 1232210195 | eISBN 978 981 4974 18 9
Subject(s): LCSH: Real estate investment--Singapore. | Real property--Singapore.
| Residential real estate--Singapore. | Commercial real estate--Singapore.
Classification: DDC 332.6324095957--dc23
Printed in Singapore
Dedicating my sixth book on real estate to you who asked:
What does Swee Yong know about real estate?
CONTENTS
Preface
Part 1: New Tech, Urban Planning, Smart City
1. Future of Singapore s Real Estate
2. The New Tech - New Jobs Disconnect
3. Technology - Boon to Singapore, Bane of Property Professionals
4. Total Defence Should Include Food Security
5. Imagining Our New Smart City with Bold Urban Planning
Part 2: Public Housing
6. Reflecting on the HDB Issue - My Journey
7. Can this CPF Key Truly Unlock the Value for Old Flats?
8. Addressing Singapore s Key Public Housing Problems: Asset Protection, Affordability and Access
9. Additional Lifelines for the Decaying Values of Old HDB Flats?
Part 3: Private Residential and En Blocs
10. Low Population Growth Leads to Low Property Values
11. Too Early to Celebrate the Residential Market Recovery?
12. Coping with En Bloc Fever
13. Have En Bloc Sales Hit The Wall?
14. Sir James Dyson Sucking Up The Losses?
Part 4: Commercial (Office Retail) and Industrial
15. Co-working Space - Still Cool to Hot Desk?
16. Three Pills for Singapore s Retail Ills
17. Empty Stores and Shopping Bags
18. Opportunities in Commercial and Industrial Markets for SMEs
19. A Dark Cloud Looms Over Commercial Properties
Part 5: Others - Investing Overseas, Debunking Myths Wealth Transfer
20. Do Your Homework When Venturing Overseas
21. Case Study: A Curious Case of No Money Down Property Schemes
22. Real Estate Versus Inflation: A Problematic Narrative
23. Wealth Transfer with Real Estate
About the Author
PREFACE
It has been three and a half years since the publication of my fifth book, Preparing for a Property Upturn . A relatively long break considering that the first book, Real Estate Riches , was published in early 2011 and by late 2017 the fifth book was already on the shelves. Six years to roll out the first five books and more than three years for this one.
I was happy with the success of Preparing for a Property Upturn , particularly Chapters 1 and 2 which highlighted the long-term issues of retirement for our ageing population coupled with the decaying values of old HDB flats with short remaining leases. Many readers and their families have benefitted from having deeper and wider discussions about their lifelong savings stuck in home ownership vis- -vis their retirement adequacy. As more readers and families are concerned about this topic, I have included a few more chapters on public housing, including a policy proposal crafted with Prof Tay Kheng Soon and ex-Chief Economist of GIC Mr Yeoh Lam Keong, in this book.
Chapter 3 of Preparing for a Property Upturn presented challenges and proposals for the future of real estate. As Singapore s planners will be reviewing the country s Concept Plan in 2021, I highlighted the need to look at our land use plans by considering the combined impact of new technologies that will disrupt our urban landscape in the next 20 to 30 years. The effects of two or three technological leaps will not be sufficient to force significant changes in the urban landscape. A dozen technological advancements in combination, say in the areas of 3D printing, autonomous vehicles, 5G communications, drones, education, e-commerce, blockchain, etc., will exert a strong demand on cities to adapt buildings and the urban landscape. Even the Chinese government s recent policy announcements for China s 14 th Five-Year Plan for National Economic and Social Development and the Long-term Goals for 2035 1 repeatedly stressed the importance of in-depth integration of technologies and industries, encouraging mergers and reorganisations for the sharing economy. Policy planners have started to recognise that policies need to take into account the combined impact of technological and societal changes rather than amend policies piecemeal based on each particular